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Apr 15, 2013
04/13
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tax. people don't mind if you would see they don't have all the deductions and wiggle room and would be in the same position as everyone else. john: when you talk about the flat tax you talk about getting rid of deductions and just keep charity and mortgage interest deduction. >> everything else is gone. if you would design a system that would allow maximum corruption, maximum lobbying efforts and fund-raising in washington you created a system just like we have for it is so complex, we have got to fix it. it cannot keep going like this. >> that the complication is with the stupid deductions and exceptions of graduated progressive tax rate is not that complicated. >> the way the wealthy have not been fighting so hard against the progressive right is they have the loopholes and the wealthiest will stop fighting so hard if they have the same level playing field as everyone else and people would except that the leadership has not been willing to push it and i think it is a no-brainer we shoul
tax. people don't mind if you would see they don't have all the deductions and wiggle room and would be in the same position as everyone else. john: when you talk about the flat tax you talk about getting rid of deductions and just keep charity and mortgage interest deduction. >> everything else is gone. if you would design a system that would allow maximum corruption, maximum lobbying efforts and fund-raising in washington you created a system just like we have for it is so complex, we...
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Nov 14, 2017
11/17
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tax rate goes to 25% to 12%. $1300 tax cut. take a look at the tax cuts in here. lowering the tax rates, doubling the synergy diction. if you have kids, the credit per child. we are basically saying instead of giving you a tax cut for one thing you get or one thing you do at one time, why don't we lower your tax rates for all time and let you do whatever you want with your money. there's a philosophical difference. the way the code works is you pay your taxes, you do certain things. you spend your money to washington and maybe you will get some money back if you do what they approve of. in this case, it's got to be qualified tuition reimbursement system. lots of hoops and loopholes. we are saying let's get rid of the loopholes and give you your money. let people keep more of their own tax dollars in the first place. take less money out of your pocket come out of your paycheck to begin within you decide decide what you want to do. the median household in america makes about $59,000. the person who runs the household is going to get a $1182 tax cut the first year. t
tax rate goes to 25% to 12%. $1300 tax cut. take a look at the tax cuts in here. lowering the tax rates, doubling the synergy diction. if you have kids, the credit per child. we are basically saying instead of giving you a tax cut for one thing you get or one thing you do at one time, why don't we lower your tax rates for all time and let you do whatever you want with your money. there's a philosophical difference. the way the code works is you pay your taxes, you do certain things. you spend...
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Oct 1, 2017
10/17
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tax? so if you don't cut taxes on the very people that are paying all the tax, you're not really cutting taxes. >> gary: in broad brush terms that's a relatively true status. >> maria: there you go what's the answer then if you're not cutting taxes on the highest earners then you're not cutting taxes if they're paying 70% of the tax. >> gary: our objective here is to continue to give middle class middle income families a tax cut , allow middle income families to keep more of what they earn. they still are paying taxes even though the wealthier people are paying more taxes, middle income families are still paying taxes and yes, we do believe as an administration we can have them pay lower taxes. >> maria: well you say you are already at four rates because of the zero and i understand that. are you going to have another bracket 44% for the millionaires , 5 million and up is that what you're working on right now another bracket so that the highest do in fact see a higher rate? >> gary: we hav
tax? so if you don't cut taxes on the very people that are paying all the tax, you're not really cutting taxes. >> gary: in broad brush terms that's a relatively true status. >> maria: there you go what's the answer then if you're not cutting taxes on the highest earners then you're not cutting taxes if they're paying 70% of the tax. >> gary: our objective here is to continue to give middle class middle income families a tax cut , allow middle income families to keep more of...
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Apr 14, 2014
04/14
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the corporate tax, dividend tax, capital gains tax, taxing the dollar three times. >> david on the left worked for the new york sometimtimes he's socialist. >> the tax foundation you represent the rich people. where is the difference? >> we are concerned about workers and the poor and general welfare and the thing is, the best thing for the poor is to stop the excessive tax burdens. >> wone thing the current tax system protects existing wealth and holds back strivers. if we want them more prosperous it is the strivers. things like no estate tax you end up with 18th century france and we know how that ended. >> are you saying donald trump or schriver is strivers. >> what about inhair hans? >> inheritance tax is not a big one in tax revenue. >> what people have done to avoid the estate tax involves enormous things. it is to back up the income tax. past of the problem is the political power you are see can is focused on protecting existing wealth not promoting the creation of new wealth. if you have integrity we would be much better off on the long run. >> by that the drivers i absolu abso
the corporate tax, dividend tax, capital gains tax, taxing the dollar three times. >> david on the left worked for the new york sometimtimes he's socialist. >> the tax foundation you represent the rich people. where is the difference? >> we are concerned about workers and the poor and general welfare and the thing is, the best thing for the poor is to stop the excessive tax burdens. >> wone thing the current tax system protects existing wealth and holds back strivers. if...
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Nov 26, 2017
11/17
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are you cutting taxes on people who don't pay taxes and raising taxes on the people who pay taxes? >> the answer is no. we provide tax relief at every level. i know the house tax reform plan that we passed 70% of the tax relief goes to those families making less than 200,000 so sort of that range of middle class from the low tax to the high tax states that we all worry about so we deliver in a good here but we deliver tax relief at every level and you have to look underneath that rate itself because we're continuing the mortgage deduction, charitable deduction, the property tax deduction we eliminate a number of those provisions. i actually did impact and raise taxes on our more successful americans because we make those changes underneath the rate you have to look more carefully than you did in the past and at the end of the day everyone will keep more of what they earned. >> maria: i totally believe that moving the corporate tax rate the way you are hoping to will actually have broad impact and move the needle on economic growth but let me ask you got to get to the spending side
are you cutting taxes on people who don't pay taxes and raising taxes on the people who pay taxes? >> the answer is no. we provide tax relief at every level. i know the house tax reform plan that we passed 70% of the tax relief goes to those families making less than 200,000 so sort of that range of middle class from the low tax to the high tax states that we all worry about so we deliver in a good here but we deliver tax relief at every level and you have to look underneath that rate...
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Nov 19, 2017
11/17
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taxes. this is not simply a tax cut. this is a transformation of our entire tax policy updating the whole thing, moving us out of the negative impact that we have on a global basis moving for full expensing, so i think the criticism that says all tax cuts are created equal is right. they don't all create growth but the ones that do are highly stimulating so there's two things that are happening one is offering relief to people. they just need tax relief and this is taking a tax burden off their backs but the stimulating nature is well designed so for example, i was at a manufacturing company not long ago and my constituents in suburban chicago. the company said this. peter, we're going to invest $30 million in our plant next year if that tax bill plans with full expensing as we proposed, we're not going to spend $30 million. we're going to spend $50 million it's that type of approach that we're trying to create here which is why there was so much enthusiasm about it among republicans in the
taxes. this is not simply a tax cut. this is a transformation of our entire tax policy updating the whole thing, moving us out of the negative impact that we have on a global basis moving for full expensing, so i think the criticism that says all tax cuts are created equal is right. they don't all create growth but the ones that do are highly stimulating so there's two things that are happening one is offering relief to people. they just need tax relief and this is taking a tax burden off their...
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Jul 23, 2011
07/11
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if it raises taxes, it's a tax increase, eliminating deductions, tax increase. tax reform when you get rid of reductions and credit and cut rates so that you have a better tax system, but not raising more money. >> grover, thank you very much. >> you've got it. >> love those cliffs. over the cliff and congressman from minnesota. congressman, i guess, you're the latest to push us over the cliff. what did you think of that ad? >> good morning, neil. it's a diversery tactic, what they're trying to do skew off what's important and that's what's going on with regard to our debt and spending and i just take it as it comes. it's kind of ironic though when they talk about corporate tax. the actual corporate jet tax came out in the stimulus bill and this is actually president obama's tax and now he's demonizing it. so, it's just diversionary, we need to stay focused on the target and that is lowering spending and getting people back to work. >> you know, congressman we did put out a call to the fbi and service union that would help this out. and for some reason the calls
if it raises taxes, it's a tax increase, eliminating deductions, tax increase. tax reform when you get rid of reductions and credit and cut rates so that you have a better tax system, but not raising more money. >> grover, thank you very much. >> you've got it. >> love those cliffs. over the cliff and congressman from minnesota. congressman, i guess, you're the latest to push us over the cliff. what did you think of that ad? >> good morning, neil. it's a diversery...
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Sep 29, 2017
09/17
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, no tax. we are nearly doubling the amount of income that is taxed at a rate of zero. above that amount, and come will be taxed at three rates, 12%, 25%, and 35%. we will also substantially increase the child tax credit to save working families even more money because we know the most important investment our country can make is in our children. our framework also provides relief to those who care for an older loved one through a $500 tax credit. something that everybody has been wanting so badly for so long. by limiting the tax breaks and special interest loopholes that primarily benefit the wealthy, our framework ensures that the benefits of tax reform go to the middle class, not the highest earners. that's why we also are giving congress the flexibility to add an additional rate on the highest income earners to provide even more tax relief for everyday working people. second, our framework will make the tax code more simple. fair and easy to understand. american families and businesses wast
, no tax. we are nearly doubling the amount of income that is taxed at a rate of zero. above that amount, and come will be taxed at three rates, 12%, 25%, and 35%. we will also substantially increase the child tax credit to save working families even more money because we know the most important investment our country can make is in our children. our framework also provides relief to those who care for an older loved one through a $500 tax credit. something that everybody has been wanting so...
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3.0K
Sep 8, 2012
09/12
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. >> they are patriots and we forget those americans are paying taxes not always income taxings. rich, that is not the code we are speaking in. only republicans understand that heavy mumbo, jumo. we don't know from the graduated capitol gains. >> oh, please. >> it was a secret code. >> we know, steve, that the president's plan to raise taxes dramatically . we have two different sets of plans on what to do with taxings. mitt romney said he would lower tax rates on everybody . the president would raise the top bracket from 35 to 39 percent. a new surcharge for obama care . he said we go back to clinton and we would be going back to tax rates under the carter administration, right? >> the whole thing with europe and japan and now the america governments are crushing the private sector and deficits get big yer problems get worse. that is the problem in europe. why do we want to repeat that here? greece is now more taxs and now awe depression. massive increase in taxes and 80s we did the opposite and 90s, clinton raised taxs and economy slowed down and he reduced taxes. >> you are sha
. >> they are patriots and we forget those americans are paying taxes not always income taxings. rich, that is not the code we are speaking in. only republicans understand that heavy mumbo, jumo. we don't know from the graduated capitol gains. >> oh, please. >> it was a secret code. >> we know, steve, that the president's plan to raise taxes dramatically . we have two different sets of plans on what to do with taxings. mitt romney said he would lower tax rates on...
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Oct 24, 2017
10/17
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to me that's what tax reduction and tax relief and tax cuts are all about. that's the president's focus. it's where we are united. we've taken the first step by passing a budget. now next week we'll be releasing a tax plan the democrats haven't seen it. they are just making up what they think is going to be in it. i will tell you this is a plan focused on a couple of things. one is lowering rates. simplifying the whole tax code. making it fairer. letting people keep more of their hard earned money. that's what the president was focused on today. that's where we are committed and working altogether. >> dana: if the republicans do decide to add this fourth bracket or something, a new tax on millionaires, would you expect that some senate democrats would say okay, look, now they're taxing the wealthy so maybe they can come on board? >> democrats seem to use their same talking points no matter what we propose. that's why we're focused on letting people keep more of their hard earned money, lowering tax rates for the american people, tax cuts for the american peo
to me that's what tax reduction and tax relief and tax cuts are all about. that's the president's focus. it's where we are united. we've taken the first step by passing a budget. now next week we'll be releasing a tax plan the democrats haven't seen it. they are just making up what they think is going to be in it. i will tell you this is a plan focused on a couple of things. one is lowering rates. simplifying the whole tax code. making it fairer. letting people keep more of their hard earned...
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Sep 18, 2011
09/11
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tax and tax on capital gains. question, what do you think that would do for the economy? >> it would boost the economy and here is why. think about the fact that corporations now are looking at for the next year and a few months a 35% top corporate tax rate. to wake up and say you mean the tax rate is going to be 9% that is going to inspire the business community. secondly, small businesses which generate most of the jobs they are also going to be excited because it going to treat sub chapter s and s corporations the same. but the president doesn't understand, a lot of people don't understand when throws around numbers like everybody making over $250,000 he is going to impose another tax. he is punishing small business sub chapter she supermodel if you ankle out a profit you have to run it through the personal income tax and you could be penalized if you make too much monitoring i have. >> you would lower all of rates and eliminate the deduckses and we would end up with the same at of total revenue for the governm
tax and tax on capital gains. question, what do you think that would do for the economy? >> it would boost the economy and here is why. think about the fact that corporations now are looking at for the next year and a few months a 35% top corporate tax rate. to wake up and say you mean the tax rate is going to be 9% that is going to inspire the business community. secondly, small businesses which generate most of the jobs they are also going to be excited because it going to treat sub...
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173
Jan 2, 2013
01/13
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permanent tax relief. as big as that s, and it is only the first step when it comes to taxes this legislation settles the level of revenue washington should bring in. next we need to make the tax code simpler and fairer for families and small businesses. and we need to pursue comprehensive and fundamental tax reform to create the jobs we need and to make american businesses and workers competitive in the global marketplace. simply put, the tax code is a nightmare. it is too complex. too time consuming. and too costly. about 60% of individual taxpayers have to hire others to do their tax returns because the code is too complicated. as a result, if tax compliance were an industry it would be one of the largest in the united states and would consume 6.1 billion hours the equivalent of more than 3 million full-time workers. it is too costly. in 2008 alone taxpayers spent $163 billion complying with the individual and corporate income tax rules. add to that the fact that the u.s. has the highest corporate tax r
permanent tax relief. as big as that s, and it is only the first step when it comes to taxes this legislation settles the level of revenue washington should bring in. next we need to make the tax code simpler and fairer for families and small businesses. and we need to pursue comprehensive and fundamental tax reform to create the jobs we need and to make american businesses and workers competitive in the global marketplace. simply put, the tax code is a nightmare. it is too complex. too time...
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48
Dec 16, 2017
12/17
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eye 48
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corporations do get a nice tax cut. >> corporations -- they employ people. 14% tax cut, 14% tax cut and you will see some of these go out and hire people and expand and bring money back into this country under tax reform, lower tax rate on that they will buy capital equipment, this is going to kick this economy into a gear we haven't seen in i don't know how long. using what they always say, the rhetoric they put on the table and it is tired and not accurate. >> it is accurate to say what we have been doing hasn't helped boost us above 3% growth, got to try something different, this is different but one part we haven't seen before is tax cuts and how people use the money. when george w. bush gave a tax holiday for big corporations to bring money offshore which is what this has they did not use it is everyone anticipated to build plants and start hiring, they put it in shareholders pockets which tend to be wealthier people and laid off thousands of people. >> that could be an economic realization that was part of what was going on it the time but you are right, you need companies to cash
corporations do get a nice tax cut. >> corporations -- they employ people. 14% tax cut, 14% tax cut and you will see some of these go out and hire people and expand and bring money back into this country under tax reform, lower tax rate on that they will buy capital equipment, this is going to kick this economy into a gear we haven't seen in i don't know how long. using what they always say, the rhetoric they put on the table and it is tired and not accurate. >> it is accurate to...
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52
Nov 17, 2017
11/17
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many of them in high tax states. they are objecting to the dumping of the state and local tax deductions. the senate taking the first step on its version of the bill. the finance committee approving it last night. speaker of the house paul ryan is confident the house and senate he says will get this through by the end of the year. that's a goal shared by the white house. >> in order to turn this momentum into sustained economic growth you all know there is one policy that's more important than anything else. i'm here to promise you president trump and i will be fighting every day to pass the largest tax cut in american history and we'll do it this year. >> chief washington correspondent john roberts is live at the white house where the president is receiving his daily intelligence briefing right now. good morning, john. >> the president happy with the passage of his signature legislative initiative tax reform, at least in the house. the president tweeted this morning, great numbers on stocks and economy. if we get ta
many of them in high tax states. they are objecting to the dumping of the state and local tax deductions. the senate taking the first step on its version of the bill. the finance committee approving it last night. speaker of the house paul ryan is confident the house and senate he says will get this through by the end of the year. that's a goal shared by the white house. >> in order to turn this momentum into sustained economic growth you all know there is one policy that's more important...
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112
Aug 22, 2015
08/15
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pages of tax code. something's got to be done. there are people in this country that work for the month of july just to pay their first dollar. more money in people's pockets means more savings, more spendings and a better economy. corporations are not competitive because of how much they pay in taxes. >> we have the second highest corporate tax rate in the world. >> 39.1%. that's where the money is. if you're going to do anything, cut corporate taxes. there will be more jobs, better paying jobs. we have fewer people working in full-time jobs today than we did at the high point before the recession. that's job one. >> i love that, too, because it's diametrically opposed, opposite of what saying, we neee money from the corporate balance sheet, tax them more, get their income and redistribute it. >> but when i listen to donald trump, who, once again, i really like and admire as a businessman, and i listen to us, i'm wondering why we are being more specific than he is. there is no plan. especially for the
pages of tax code. something's got to be done. there are people in this country that work for the month of july just to pay their first dollar. more money in people's pockets means more savings, more spendings and a better economy. corporations are not competitive because of how much they pay in taxes. >> we have the second highest corporate tax rate in the world. >> 39.1%. that's where the money is. if you're going to do anything, cut corporate taxes. there will be more jobs,...
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0.0
Oct 22, 2017
10/17
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that is how we will do it again today but we need tax reform to do it. >> if you get tax reform past and it results in the economic growth you predict. would you try to revisit with the president the growth of atomic senate? >> in fact we work through some of the numbers yesterday. about what is driving the deficit. i sit here is what it is and here is what it is and i said i will come back and talk to about this. and the same as the discussion we had in the spring. i promised i would not change social security. but i said my job is to show you what it means. i think that is the right way to do it. i think if we do this you will see the deficit trend downward strives everything we do. >> are you concerned about uncertainty in the healthcare market? with the confusion -- when it hurt your ability to reach the growth target? >> no, not at all. in fact i'm surprised that the democrats and i worried about uncertainty in the healthcare market. they are concerned now about rates going up but has been going up since the day that it was passed. again, that is the politics of the day. i think
that is how we will do it again today but we need tax reform to do it. >> if you get tax reform past and it results in the economic growth you predict. would you try to revisit with the president the growth of atomic senate? >> in fact we work through some of the numbers yesterday. about what is driving the deficit. i sit here is what it is and here is what it is and i said i will come back and talk to about this. and the same as the discussion we had in the spring. i promised i...
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Sep 13, 2017
09/17
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>> this isn't just about cutting taxes. this is about tax reform. this is about changing the system and going from a worldwide system to a territorial system to make us competitive. that alone is going to create literally tens of thousands of jobs and have trillions of dollars invested here. this is also about taxes on small and medium-sized businesses. we want to make sure there is tax reform and tax relief for pass-throughs which are a major part of the number of companies in this country. >> bret: you have senator ted cruz today proposing full and immediate deductions for capital investments by businesses. in other words, a one time, they could do it at once and there by encourage your incentive to invest in factories and equipment. >> we will have those incentives in the package whether we go with what senator cruz has suggested or other alternatives. we will make sure companies have incentives to invest that money. >> bret: the president has said he wants an estate tax or death tax out. >> yes, zero. the issue is americans have already paid the
>> this isn't just about cutting taxes. this is about tax reform. this is about changing the system and going from a worldwide system to a territorial system to make us competitive. that alone is going to create literally tens of thousands of jobs and have trillions of dollars invested here. this is also about taxes on small and medium-sized businesses. we want to make sure there is tax reform and tax relief for pass-throughs which are a major part of the number of companies in this...
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139
Jun 30, 2012
06/12
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is it a really a tax? the political implications, who benefits come november and the economic fallout. what it means for the health insurance industry and your bottom line. welcome to the journal, editorial report. i'm paul gigot, so much for the radical supreme court. jeef justice john roberts joining the liberals to uphold the court, on the obamacare law, saying the individual mandate is constitutional, not under the commerce clause, but as a tax. our panel is here with complete coverage of the legal arguments behind the decision and the political implications for november and beyond. i'm joined by walt journal columnist and editor dan eninger, and joe raggo, dorothy rabinowicz, and while they were debating the law, john roberts slipped us a mickey on upheld on the tax revision what, do you make of the argument. >> we can all look at supreme court cases where the court reached the right result, but did so with bad legal reasoning, constitutional reasoning. in a way this case is opposite when we got to th
is it a really a tax? the political implications, who benefits come november and the economic fallout. what it means for the health insurance industry and your bottom line. welcome to the journal, editorial report. i'm paul gigot, so much for the radical supreme court. jeef justice john roberts joining the liberals to uphold the court, on the obamacare law, saying the individual mandate is constitutional, not under the commerce clause, but as a tax. our panel is here with complete coverage of...
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Oct 8, 2017
10/17
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he wants a better tax system, simpler tax system in a fair tax system. when i explain i said look, if you and i make the same amount of money, live in a house of the same value, everything about it is the same except the state you live and in the state that i live in, should we pay the same amount of federal tax. the answer is yes. a lot of people think the answer is yes but the reality is no. folks in nebraska pay more federal tax that people do in california and that's just not right. it helps contribute to the belief that the tax code is rigged in favor of certain people and against other people and the president wants to fix that. happy to talk about the impact. i would like to do it however in the context of a larger tax bill. when you talk about just the policy of the one particular line item in the proposal, it is the absolute right policy to have. >> i can pull out one thing as well as a look at the entirety of it, but how about the fact that top 10% pay 80% of all the tax. would tax. what you said about? >> with the most progressive tax system i
he wants a better tax system, simpler tax system in a fair tax system. when i explain i said look, if you and i make the same amount of money, live in a house of the same value, everything about it is the same except the state you live and in the state that i live in, should we pay the same amount of federal tax. the answer is yes. a lot of people think the answer is yes but the reality is no. folks in nebraska pay more federal tax that people do in california and that's just not right. it...
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127
Sep 18, 2011
09/11
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you would eliminate payroll tax, estate tax and tax on capital gains. question, what do you think that would do for the economy? >> it would boost the economy. here's why: think about the fact that corporations now are looking at for the next year and few months, a 35% corporate tax rate. to wake up and say you mean the tax rate is going to be 9%? that is going to inspire the business community. secondly, small businesses which generate most jobs are going to be excited. it is going to treat subchapter s and s corporations the same. the president doesn't understand and a lot of people don't understand when he throws around numbers like everybody making over $250,000 impose another tax, he's punishing small business. with the subchapter s corporation, if you eke out a profit, you have to run it through your personal income tax and you could be penalized, if you make too much money. >> chris: you say this plan would be revenue neutral. reduce rates, lower rates, eliminate deductions and we would end up with the same amount of total revenue for the governm
you would eliminate payroll tax, estate tax and tax on capital gains. question, what do you think that would do for the economy? >> it would boost the economy. here's why: think about the fact that corporations now are looking at for the next year and few months, a 35% corporate tax rate. to wake up and say you mean the tax rate is going to be 9%? that is going to inspire the business community. secondly, small businesses which generate most jobs are going to be excited. it is going to...
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Feb 9, 2017
02/17
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they don't tax worldwide. we double tax worldwide and they border adjust their tax. they takes their taxes off of products coming to the u.s. and slap one on ours. we're about the only country that doesn't do that. so today, a foreign product has a tax advantage over made in america products here and overseas. so what we're saying is, let's do away with that international tax code and have a simple test. if your product or service is consumed in the u.s., it's taxed at an equal rate. low 20% business rate. doesn't matter where it was produced, if it's u.s. or foreign company, for the first time, it's equal taxation. that has huge benefits. one, we finally get true competition. always good for the consumers. >> neil: do you know if the president is on board with that? >> he's had a couple different approaches. the latest is equal taxation. a huge benefit to this as well that most people i think will welcome, which is by doing this, we eliminate every tax incentive to move your u.s. jobs and headquarters overseas. just the opposite. we really re-establish us that magne
they don't tax worldwide. we double tax worldwide and they border adjust their tax. they takes their taxes off of products coming to the u.s. and slap one on ours. we're about the only country that doesn't do that. so today, a foreign product has a tax advantage over made in america products here and overseas. so what we're saying is, let's do away with that international tax code and have a simple test. if your product or service is consumed in the u.s., it's taxed at an equal rate. low 20%...
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Apr 1, 2017
04/17
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is tax reform. it is only half the game. >> we are giving something to you, why leave them out? >> more than half the game. >> what i know -- and -- and - >> picking out jessica -- >> let's look at the math. >> a calculator. >> i need to tutor to explain that. >> my point, the big bang to the buck for the corporate tax rate, if you do the math. >> here is where this argument -- if you go to wall street, what they want, they want to see across the board tax-cut including for themselves and just saying they don't see it, they will be disappointed, this market rally will reverse. >> to get that answer out, a lot of political gain, public sentiment and donald trump, the line you are going to get a tax break ends corporations getting that will be disappointed when they go to the election. >> the next wave would come after that. >> they should be for his own pr campaign. that is important, he had so many losses. >> what happens then, your view, not how the rich pay taxes, what happens if wall street gets
is tax reform. it is only half the game. >> we are giving something to you, why leave them out? >> more than half the game. >> what i know -- and -- and - >> picking out jessica -- >> let's look at the math. >> a calculator. >> i need to tutor to explain that. >> my point, the big bang to the buck for the corporate tax rate, if you do the math. >> here is where this argument -- if you go to wall street, what they want, they want to see...
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Sep 28, 2017
09/17
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end the death tax. double taxation. now the corporate rate will be lowered to 25% and a pass through tax rate to help small business owners and calling for a low repatriation tax, a tax rate for multi-national corporations that targets money directly that's parked overseas because of the high taxation and regulation here and that allows these multi-nationals to bring trillions back to the american economy. let me explain. the corporate side of tax reform is so very important and here is why. when businesses pay higher taxes, it gets passed on to you, the customers. corporations don't pay taxes. now, if president trump's plan is approved, all these companies will have billions of dollars, if not more of extra money. they won't put it in their bank account. guess what they're going to do? they'll invest, capital and manufacturing centers and factories which will create jobs for the millions of forgotten men and women in this country. that's what we need, that's what we want, that's what many of you voted
end the death tax. double taxation. now the corporate rate will be lowered to 25% and a pass through tax rate to help small business owners and calling for a low repatriation tax, a tax rate for multi-national corporations that targets money directly that's parked overseas because of the high taxation and regulation here and that allows these multi-nationals to bring trillions back to the american economy. let me explain. the corporate side of tax reform is so very important and here is why....
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Nov 16, 2017
11/17
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say that the average taxpayer in every income tax group get the tax cuts. now, this is the tax code riddled filled of loopholes, and i'm sure there are wealth people who have tax lawyers and accountants who can take advantage of every loophole out there and when those loopholes go away, they're not going to like that. but the point of this is fewer loopholes and just a level system and lower tax rates. give middle income families a big tax cut. the median family -- median household in america is going to get $1,182 tax cut. 78% of people are telling us in surveys they're living paycheck to paycheck in this country. another 57% of americans are saying that they're $500 away from desperation. so, look, this is a serious issue. we want to cut everyone's taxes. the announcer shows that the average taxpayer in every group does get a tax cut. and, by the way, this is a work in progress. we still want to make it even better than it is now when we get into the conference committee. steve: mr. speaker, nancy pelosi put out a statement yesterday. >> let me guess. she
say that the average taxpayer in every income tax group get the tax cuts. now, this is the tax code riddled filled of loopholes, and i'm sure there are wealth people who have tax lawyers and accountants who can take advantage of every loophole out there and when those loopholes go away, they're not going to like that. but the point of this is fewer loopholes and just a level system and lower tax rates. give middle income families a big tax cut. the median family -- median household in america...
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Jul 1, 2012
07/12
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is really only four types of taxes congress can lay and collect, excise tax, tariffs, income tax and direct tax and a direct tax has to be what, apportioned among the several states. if this is considered a direct tax which the justice said, there is a concern there for folks in the future when the tax is applied to them and they can argue, look it is a direct tax and violates the constitution and as applies to me, we'll challenge this and there are opportunities in the future, depending upon how the tax is labeled, which of the four is it? we don't know, the court didn't label it but it is a tax related questions on a go-forward basis. >> governor huckabee: i haven't heard anyone bring up that argument. no one. is it the grounds for yet another legal challenge to the valued lid tt tty -- va lidty o obamacare. >> yes. >> and we were surprised about the ruling and why no one expected it is because it's a bad ruling. no one expected a ruling this bad. from the chief justice and, scott is absolutely right, of course about the limited number of taxes available to congress. now, they are
is really only four types of taxes congress can lay and collect, excise tax, tariffs, income tax and direct tax and a direct tax has to be what, apportioned among the several states. if this is considered a direct tax which the justice said, there is a concern there for folks in the future when the tax is applied to them and they can argue, look it is a direct tax and violates the constitution and as applies to me, we'll challenge this and there are opportunities in the future, depending upon...
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Nov 17, 2017
11/17
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rate, a bill mix class tax cut and the bill simplifies the tax code. we believe after analyzing the progress on the hill that both approaches satisfied the three main objectives. so the question then is moving forward, what do they do about pass through entities, what do they do about this or that. we don't want to get ahead of that process. the president supports regular order because that's how deals get made and how bills become law. it urgent that we get a 20% rate for america's workers and the middle class tax cut. the details about exactly when the small business things kick in and out are what we working out on the hill. we encourage them to pursue regular order because they have to listen to everybody and get the votes they need to make this law. i'll go to the lady there. >> one of the the nontaxable tuition waivers. while they're trying to reconcile their differences on that tax reform bill what do you foresee that could move the tax burden to a lot of young americans? >> that's the kind of detail we're letting congress work out. the fact is
rate, a bill mix class tax cut and the bill simplifies the tax code. we believe after analyzing the progress on the hill that both approaches satisfied the three main objectives. so the question then is moving forward, what do they do about pass through entities, what do they do about this or that. we don't want to get ahead of that process. the president supports regular order because that's how deals get made and how bills become law. it urgent that we get a 20% rate for america's workers and...
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Apr 15, 2013
04/13
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. >> some want higher taxes. >> we are already taxed to death. (scream) >> that's hoour show tonight. frush >> and now john stossel. >> wendell holmes the former supreme court justice once said taxes are what we pay for a civilized society. liberals like siting that but holmes said that in 1927 when taxes were just 10 percent of gdp. that's enough to pay for a civilized society. but america's government has grown so far, so fast that it is now spending 40 percent of gdp. i think it's much too big, but i do want to pay my fair share, so what's that? what is fair? i now give most of my income to the government. poor people pay the smaller percent and lots of people say that is fair. i see their point. but texas congressman lewey gomer says it's not fair and america needs a flat tax. meaning congressmen what? >> it means when people hear the word fair share or fair, it ought to be flat tax. the only way to truly make things fair so if you are making more you pay more. you make less you pay less. make it a flat tax. the word fair ought to bring to mi
. >> some want higher taxes. >> we are already taxed to death. (scream) >> that's hoour show tonight. frush >> and now john stossel. >> wendell holmes the former supreme court justice once said taxes are what we pay for a civilized society. liberals like siting that but holmes said that in 1927 when taxes were just 10 percent of gdp. that's enough to pay for a civilized society. but america's government has grown so far, so fast that it is now spending 40 percent...
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Jul 16, 2011
07/11
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about tax hikes? >> yes, he can talk about spending cuts, but he doesn't want to talk about that as much as the tax hikes. i will say i think economically, either one is done the at a large level. required to get the balanced budget and going to cause job losses. the states have cut a lot of people in an effort to cut costs and not raise taxes as much as they could have raised them, but at least a higher unemployment rate. i think a blend of both and both, whether you close the gap with higher taxes or cutting spending are going to lead to job losses and that's what's going to happen and spending less taking money out of their pocket one way or the other. >> gary b. tax hikes, higher unemployment or lower? >> absolutely higher brenda, look, we have a very clear example of just one instance. in 1990, there was a-- the government imposed a luxury tax on high end items, luxury as far as yachts and things like that and economic report came out in just the yacht building industry alone, caused a loss of 76
about tax hikes? >> yes, he can talk about spending cuts, but he doesn't want to talk about that as much as the tax hikes. i will say i think economically, either one is done the at a large level. required to get the balanced budget and going to cause job losses. the states have cut a lot of people in an effort to cut costs and not raise taxes as much as they could have raised them, but at least a higher unemployment rate. i think a blend of both and both, whether you close the gap with...
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Aug 6, 2012
08/12
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tax cut. everybody else, the middle class, ends up a tax increase. the president jumped on that take a look at that. >> he is asking you to pay more for the people like him to pay less. >>chris: how damaging to mitt romney? >>guest: it is pretty tough because it is simple math. no matter, there is no way to close the loophole he wants do close and still end up not having to raise taxes by $2,000 on the average american family. and then on the same token you have his own tax problems where harry reid yells "smoke," and he yells "fire." and his campaign goes off the rails and is in the talking about the economy but we have been talking about this and it has not been a good week for romney. >>chris: we will get do that in a second. is it your sense this would indicate as kim pointed out and why in the explain this, according to another tax policy center, it turns out that obama, also, increased taxes on the middle class? >>guest: this is a problem before the obama campaign and he says we will cut
tax cut. everybody else, the middle class, ends up a tax increase. the president jumped on that take a look at that. >> he is asking you to pay more for the people like him to pay less. >>chris: how damaging to mitt romney? >>guest: it is pretty tough because it is simple math. no matter, there is no way to close the loophole he wants do close and still end up not having to raise taxes by $2,000 on the average american family. and then on the same token you have his own tax...
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Nov 21, 2017
11/17
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we raised the earned income tax credit. gave the veterans tax deduction. we're tax sensitive, too. taxing is not the answer to everything. >> neil: thanks, senator sweeney. >> thanks, neil. >> neil: to what senator sweeney was pointing out, is this a case of a different strategy, middle of the road, more pragmatic strategy? we're on it after this. t scatte♪ ♪ you pull them all together ♪ and how, i can't explain ♪ ♪ oh yeah, well well well youuuu ♪ ♪ you make my dreams come true ♪ ♪ well, well, well youuuu ♪ topped steak & twisted potatoes at applebee's. now that's eatin' good in the neighborhood. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. >> neil: all right. republicans have been saying, you know, we r
we raised the earned income tax credit. gave the veterans tax deduction. we're tax sensitive, too. taxing is not the answer to everything. >> neil: thanks, senator sweeney. >> thanks, neil. >> neil: to what senator sweeney was pointing out, is this a case of a different strategy, middle of the road, more pragmatic strategy? we're on it after this. t scatte♪ ♪ you pull them all together ♪ and how, i can't explain ♪ ♪ oh yeah, well well well youuuu ♪ ♪ you make my...
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Apr 15, 2013
04/13
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think you agree we don't need to tinker with the tax code, we need to eliminate the tax code. how much retirement money is enough? president obama seems to know. the budget that he's proposing calls for a 3 million dollar cap on ira's and 401(k)'s, and you can't save anymore tax-free money after that. that may not affect many people now, but if you're a young person starting out now and making the maximum contributions of a 3 million dollar nest egg, it's possible over 40 years. and joining me now, congressman on the budget committee and congresswoman, it's a pleasure to have you here, thanks for joining me. >> oh, it's good to see you as well, governor. thank you so much. >> this idea of capping retirement, i mean, that seems like you're now encouraging people not to save for retirement and that the government has a better idea of how much we really ought to set aside than we do. >> shocking, isn't it? and i think that this is nothing more, governor, as you and i both know, this is another back door tax increase. and it's a shame because i can tell you, you know, hoosiers in
think you agree we don't need to tinker with the tax code, we need to eliminate the tax code. how much retirement money is enough? president obama seems to know. the budget that he's proposing calls for a 3 million dollar cap on ira's and 401(k)'s, and you can't save anymore tax-free money after that. that may not affect many people now, but if you're a young person starting out now and making the maximum contributions of a 3 million dollar nest egg, it's possible over 40 years. and joining me...
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Sep 28, 2017
09/17
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next year, a brand-new tax on every plan. another $500 in taxes on obamacare. it's only going to get worse. the cry of the american people will finally be heard by congress. >> bret: you said reconciliation will pop back in. as you know, you have to put it in come up resolutions. >> next year there will be another budget and at that point, we look to reconciliation to allow us to work on health care. >> bret: let's turn to tax reform. you sound optimistic but as we know it gets churned in the sausage grinder that is the capitol hill process. do you think this framework is going to hold? >> we are confident in this framework. we think it will work. we think it's best for the american economy and the american family. but also keeping jobs here in america which is something the last administration suffered through. americans suffered, the last administration at a 1.8% gdp over ten years. that's the worst rate of any president since the great depression and herbert hoover. we need to get the economy growing and congress knows that. the american people know it, and
next year, a brand-new tax on every plan. another $500 in taxes on obamacare. it's only going to get worse. the cry of the american people will finally be heard by congress. >> bret: you said reconciliation will pop back in. as you know, you have to put it in come up resolutions. >> next year there will be another budget and at that point, we look to reconciliation to allow us to work on health care. >> bret: let's turn to tax reform. you sound optimistic but as we know it...
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Oct 7, 2012
10/12
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my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on middle-income families. you cite a study. six other studies look at the study you describe and say it's wrong. i saw a study that said today you are going to raise taxes $3- to $4,000 on middle-income families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of
my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on...
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Jan 5, 2013
01/13
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tax benefits. i think the republicans should attack that hypocrisy. >> paul: steve, you said the left or five, six repubcan senators voted for the tax extenders bill in the finance committee. >> great point. >> paul: both parties have their fingerprints on this, and the question i have, why would republican favor something like this? >> well, air exactly right. you know, the iowa senators were very much for this chuck grassley, i don't know when it was that iowa became an energy state, but they now thrive on wind subsidies and ethanol. and so, it's a big problem. i guess i disagree with dan on one point, i think the tax code is so rotten right now, it's just so filled with special interest, you've got -- i think it makes the case for tax reform, dan. i think it's just, people are going to say blow the whole thing up and start over again. >> paul: dan? >>, but that's the reason they won't do it, because so many got a piece of the action and makes it so difficult. >> paul: can you argue this, mary, i
tax benefits. i think the republicans should attack that hypocrisy. >> paul: steve, you said the left or five, six repubcan senators voted for the tax extenders bill in the finance committee. >> great point. >> paul: both parties have their fingerprints on this, and the question i have, why would republican favor something like this? >> well, air exactly right. you know, the iowa senators were very much for this chuck grassley, i don't know when it was that iowa became...
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Dec 22, 2017
12/17
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but tax cut. really something special. >> lea: president trump praising the tax reform bill passed in congress this week. his party is looking to build on that progress. it remains highly unpopular. some lawmakers are hoping that that will change once people start to see more money in their paychecks. even then, the g.o.p. could still face a tough road ahead going into the next year's midterm election with democrats riding high on a wave of recent wins and plummeting approval ratings for the president. running out, main street columnist for "the wall street journal" and former chief speechwriter for president george w. bush. nice to see you. let's talk about going into the midterms come... strategy? >> the strategy now try to improve on what they've done to get the economy growing. it's incredible to me that the democrats are relying solely on poles now showing that they have a generic advantage and enthusiasm advantage, that they've boxed themselves out of any growth. put it this way, president t
but tax cut. really something special. >> lea: president trump praising the tax reform bill passed in congress this week. his party is looking to build on that progress. it remains highly unpopular. some lawmakers are hoping that that will change once people start to see more money in their paychecks. even then, the g.o.p. could still face a tough road ahead going into the next year's midterm election with democrats riding high on a wave of recent wins and plummeting approval ratings for...
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Apr 14, 2012
04/12
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you say you think this tax season is taxing. just wait. >> you know, brenda, i think in 2013, we're going to have to all move to the cayman islands. it's going to be a lot better there than it is here because, you know, brenda, heritage foundation called 2013 tax-mageddon. here's why. the average household here in the u.s. will see tax increases of $3800. you know, that comes from the expiration of the bush one and two tax cuts. expiration of the payroll tax cuts, obamacare increases and i heard obama is talking about this buffet tax, maybe we'll get that also and you know, brenda, here's the worst part. the primary focus on these taxes are going to be the middle and low income households because that's where the bulk of the bush tax cuts went to. in 2013, it's not going to be a very good year for anyone and the economy, brenda. >> ok, you are a small business owner. you are hiring tomorrow, what's this doing for your confidence and for your plans for the future? >> i haven't been confident in the longest -- i don't know if i kn
you say you think this tax season is taxing. just wait. >> you know, brenda, i think in 2013, we're going to have to all move to the cayman islands. it's going to be a lot better there than it is here because, you know, brenda, heritage foundation called 2013 tax-mageddon. here's why. the average household here in the u.s. will see tax increases of $3800. you know, that comes from the expiration of the bush one and two tax cuts. expiration of the payroll tax cuts, obamacare increases and...
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Mar 31, 2012
03/12
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is going to have higher income tax or any income tax. and you'd rather, from the start, maybe this is why america has the best start-up infrastructure and entrepreneurship. there's no penalty on starting up. it's how successful business already have products and once they already make the earnings and the point smaybe we have a better system, than a lot of the countries that don't have the start-up that we did, because there's more start-up favorable. >> and let me give the last words to gary b. >> let's go back to the high level, brenda, we're not competitive with any modern organized country in the world, on tax rates and we need to lower it, just to be competitive and we shouldn't be number one or number two. we should be be somewhere in the middle of the pack if we went to add the business here. >> and start, apple, facebook, google and started here. if it's such a bad tax rate. >> jonas, i'm sorry, we have to go. do you wear a tie at spring break? you must be the only one in miami who is, okay, all right, guys, thanks. while the u.s
is going to have higher income tax or any income tax. and you'd rather, from the start, maybe this is why america has the best start-up infrastructure and entrepreneurship. there's no penalty on starting up. it's how successful business already have products and once they already make the earnings and the point smaybe we have a better system, than a lot of the countries that don't have the start-up that we did, because there's more start-up favorable. >> and let me give the last words to...
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Sep 22, 2012
09/12
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and doubling the child tax credit, also, a 10% tax bracket. so, it's not that-- it was not that long ago that this wasn't such a problem, but again-- >> and the irony, it was 86 taxpayers of ronald meagan that raise the the deductions and the like. >> enough blame to go on all sides, but ben stein, a perspective from you. you say the only way out of this right now is just to, well, the rich pay more? >> that's where the money is. it isn't 47% of the tax base excluded. it's 47% of the people nowhere near 47% of the base. the base in terms of money to be raised is in the rich and upper middle class. >> neil: and just gouch them some more. >> they're not being gouged now. >> neil: really? >> people in long island, a family of five in long island, that makes combined income of $200,000 a year, been stein is saying is not being gouged? >> these are your friends, obviously, that's what you're upset about. >> not being gouged? and the wife and the husband make 200 grand a year and living richly in long island? >> no, they're not living rich, compared
and doubling the child tax credit, also, a 10% tax bracket. so, it's not that-- it was not that long ago that this wasn't such a problem, but again-- >> and the irony, it was 86 taxpayers of ronald meagan that raise the the deductions and the like. >> enough blame to go on all sides, but ben stein, a perspective from you. you say the only way out of this right now is just to, well, the rich pay more? >> that's where the money is. it isn't 47% of the tax base excluded. it's 47%...
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Jun 29, 2012
06/12
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a moment ago you said there was no tax. but that's not a tax? >> no. >> for us to say that you have got to take a responsibility to get health insurance is absolutely not a tax increase. what it is saying is that we aren't going to have other people carrying your burdens for you. >> under the dictionary, a tax, usually a charge of money imposed by authority on person or property for public purposes. >> the facts you looked it up the decksary, it indicates to me you are stretching a little bit or you wouldn't have gone to the dictionary to check on the definition. >> i want to check for myself. your critics say it is a tax increase. >> my critics say everything is a tax increase. my critics say that i'm taking over every sector of the economy. you know that. look, we can have a legitimate debate about whether or not we are going to have an individual mandate or not -- >> but you reject that notion? >> absolutely reject that notion. >> the supreme court an lifted is here now to breakdown the ruling. and the president rejects the notion it is a tax
a moment ago you said there was no tax. but that's not a tax? >> no. >> for us to say that you have got to take a responsibility to get health insurance is absolutely not a tax increase. what it is saying is that we aren't going to have other people carrying your burdens for you. >> under the dictionary, a tax, usually a charge of money imposed by authority on person or property for public purposes. >> the facts you looked it up the decksary, it indicates to me you are...
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Sep 27, 2017
09/17
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it stimulates taxes. >> shepard: high taxes under reagan. >> that, too. an uneven economic growth based on a lot of factors. not just whether companies have more to invest and you and i do. >> shepard: there's mixed reporting on roy moore if he defeats the democrat which he is expected to do, if he will be with president trump or against him. >> so you'd think strike. because president trump campaigned for his opponent. luther strange in the election. so did mcconnell. moore ran as an anti establishment candidate, which seems to be donald trump's territory. he ran against mcconnell, he ran against the administration. he said i'm your guy. at this stage of the game, one kind of argument can be made that steve bannon is right. which is at the end -- steve bannon that supported moore and says we're going to do more of this. we're going to fight against the establishment republican hierarchy by electing new republicans. he may be right. moore comes in as sort of an anti establishment, anti-washington candidate which aligns himself perhaps with trump's agenda
it stimulates taxes. >> shepard: high taxes under reagan. >> that, too. an uneven economic growth based on a lot of factors. not just whether companies have more to invest and you and i do. >> shepard: there's mixed reporting on roy moore if he defeats the democrat which he is expected to do, if he will be with president trump or against him. >> so you'd think strike. because president trump campaigned for his opponent. luther strange in the election. so did mcconnell....
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Oct 13, 2012
10/12
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you might want to look at the bush tax cuts. they expire in the end of the year and at the same time hundred worth of spending cuts come n part of the sequestitration cuts that you heard about. i want to put that in perspective. they are slowing into growth spend all is said and done, you will have much more going to government than you do today than in dollar terms. all that hits the fan at the same time you have tax hikes and capitol gains and etscet raand all hitting the fan at the same time. that is a big story. you know and not worried about it or you don't know and the main stream media left you in the dust. and pat buchan an is paying close attention and we always whistle past the grave yards. they say don't worry about it one of the days it may not happen. thelma and lowis may go over the cliff. >> that was a horrible movie. you say that it is more real and possible than we think. >> i think so. let's take the hypothis that barack obama. tax cuts for the millionaires and billionaires will go up to a million dollars. i do
you might want to look at the bush tax cuts. they expire in the end of the year and at the same time hundred worth of spending cuts come n part of the sequestitration cuts that you heard about. i want to put that in perspective. they are slowing into growth spend all is said and done, you will have much more going to government than you do today than in dollar terms. all that hits the fan at the same time you have tax hikes and capitol gains and etscet raand all hitting the fan at the same...
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Nov 26, 2016
11/16
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tax rule. it effected the whole rule of law. >> yeah. it makes criminals out of otherwise good citizens. i think that donald trump and the republican congress need to sale this through the lens of fairness, an equal opportunity for all. when government is taking our money when you are a small business, you may not have the same opportunity as others around you. this is going to be a very steep uphill climb. i just received an e-mail this past week from a lobbying association criticizing paul ryan for saying draining the swamp. they said these ear marks allow us to have federalism at its best. i'm thinking that is a very interesting frame. >> so steve they've already started and of course there's an irony here that we can't overlook which is that the president-elect, the guy who says he's going to drain the swamp has taken advantage of every single tax loophole that he could saying it proves he's smart. is he the right guy to do it? >> sure. he can say this code is corrupt and he's experienced i
tax rule. it effected the whole rule of law. >> yeah. it makes criminals out of otherwise good citizens. i think that donald trump and the republican congress need to sale this through the lens of fairness, an equal opportunity for all. when government is taking our money when you are a small business, you may not have the same opportunity as others around you. this is going to be a very steep uphill climb. i just received an e-mail this past week from a lobbying association criticizing...
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Sep 24, 2011
09/11
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so you have the city tax, the state tax. and the corporate tax. businesses in new york city and llc are paying 50% plus. now you tell me that is not the highest in the world. i will tell you that you are wrong. we've got to do something about this. talk about the loophole and corporate tax. broadening the base is the dumbest argument i've heard. what are you going to do, tax them at 70%? we have to do something to scrap the system and start over. >> cheryl: jonathan, really -- before i let you, you're mr. emerging market and investments overseas, there is a reason that companies are moving overseas, hiring overseas, not hiring in this country. they say it's because of the taxes. >> of course, cheryl. taxes are a direct, they are an obvious cost. companies are hurt by higher taxes who are companies. i know the president on the left would like to think companies are some other thing. but of course they are individuals and opened by the individuals. coin a new phrase what is good for companies is good for american individuals. that is where we get th
so you have the city tax, the state tax. and the corporate tax. businesses in new york city and llc are paying 50% plus. now you tell me that is not the highest in the world. i will tell you that you are wrong. we've got to do something about this. talk about the loophole and corporate tax. broadening the base is the dumbest argument i've heard. what are you going to do, tax them at 70%? we have to do something to scrap the system and start over. >> cheryl: jonathan, really -- before i...
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Aug 1, 2012
08/12
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vote to raise taxes? >>guest: well, simply because during the george bush era we had tax cuts in place and we were losing --. >>eric: these tax cuts you are voting to keep in place, same ones. >>guest: and we are losing hundreds of thousands of jobs, so, therefore, some people who make the art that although this tax cut was in place we lost thousands of jobs --. >>eric: but, this makes me crazy when democrats say, well, you know, you can raise taxes because things are better but when it is bad you cannot raise taxes. why even bother bringing up the raising of the taxes questions until we have a huge surplus, we are nowhere near a surplus. >>guest: well, certainly, we have not been in a surplus for, you know, decades and decades. i want to see the deficit go down. i want to make sure we have a fair tax system. this is just an extension but i am hoping this will give us time so we can talk about a fair tax system out there that is fair to all americans. >>eric: i am glad you are standing up and saying, mayb
vote to raise taxes? >>guest: well, simply because during the george bush era we had tax cuts in place and we were losing --. >>eric: these tax cuts you are voting to keep in place, same ones. >>guest: and we are losing hundreds of thousands of jobs, so, therefore, some people who make the art that although this tax cut was in place we lost thousands of jobs --. >>eric: but, this makes me crazy when democrats say, well, you know, you can raise taxes because things are...
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Jul 26, 2012
07/12
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we are going to extend the tax cuts and stop the tax hike. we are stopping the tax increase. let's be serious -- >> greta: someone's view has to give. someone has to blink on this? >> you know what i think? i am tired of the brinksmanship and the gimmicks. why don't we have a real budget? what we really need to do after we extend the tax cuts, reform the tax code -- >> greta: that's the republican bill in the house, as i understand it. the plan that you have -- >> we put it out for the american public. this is the same senate that has never produced a budget when have you had trillion-dollar deficits four years in a row. who is serious about politics? who is serious to the american public about what we believe in and what we think going forward? this should be the city of ideas. give it new ideas. let's move the country forward. >> greta: tell me what is going to happen. you are going to vote and the republican bill will pass in the house. right? i believe that. don't you. >> i expect that. two years ago, you haday 139 democrats vote to extend it -- you know who else was one
we are going to extend the tax cuts and stop the tax hike. we are stopping the tax increase. let's be serious -- >> greta: someone's view has to give. someone has to blink on this? >> you know what i think? i am tired of the brinksmanship and the gimmicks. why don't we have a real budget? what we really need to do after we extend the tax cuts, reform the tax code -- >> greta: that's the republican bill in the house, as i understand it. the plan that you have -- >> we put...
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Apr 12, 2021
04/21
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for example if you tax at a zero tax rate,ll no matter how much people produce, how much will be no tax revenues. likewise if you tax at hundred 10% of what someone earns so that every time they go to the office instead of getting a check to get a bill, sooner or later they will quit the office and they will have no income y even though you have high tax come you still get zero and what you can see is as you raisero the rate from zero on up, revenues increase and they should lower from one 100% down, revenues increase if you raise the price of the product so high that no one wants to buy it, you're going to lose money. if you have it so low that even though lots of people want to buy it you're making noth profit, you're going to go broke. there's a proper place in there for the price, same is true for an economy's tax rate. >> they thought we were nuts. they just thought we were nuts. wait a minute, your lower taxes and they're going to pay for themselves, how much, what. >> what i'm saying is this type of what f i call a voodoo economic policy it isn't going to work. >> bob dole used t
for example if you tax at a zero tax rate,ll no matter how much people produce, how much will be no tax revenues. likewise if you tax at hundred 10% of what someone earns so that every time they go to the office instead of getting a check to get a bill, sooner or later they will quit the office and they will have no income y even though you have high tax come you still get zero and what you can see is as you raisero the rate from zero on up, revenues increase and they should lower from one 100%...
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Nov 19, 2016
11/16
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tax bill. and in terms of debt and deficit spending, absolutely that's bad. bad when democrats do it, bad when republicans do it and we'll have to stick to our guns if we believe in limited government. >> thanks, guys. cavuto coming up. >> students leave school to protest and schools letting them do it. is it time to get back to class and back to reality? plus, saudi arabia warning president-elect trump be very careful what you say about us, we got the oil. and we got you. do they? we'll see at the bottom of the hour. >> oh, we will, neil, thank you, we can't wait. but up here first, this democratic congresswoman saying she's appalled by wall street's rally. since president-elect trump's victory. someone here asking why is the trump rally bad but rallies under president obama good? >>> live from america's news headquarters in washington, good saturday morning. i'm elizabeth prann. president obama arriving in peru overnight the last stop of his final world tour as president. expected to discuss
tax bill. and in terms of debt and deficit spending, absolutely that's bad. bad when democrats do it, bad when republicans do it and we'll have to stick to our guns if we believe in limited government. >> thanks, guys. cavuto coming up. >> students leave school to protest and schools letting them do it. is it time to get back to class and back to reality? plus, saudi arabia warning president-elect trump be very careful what you say about us, we got the oil. and we got you. do they?...